Preferred direction: Neutral
Comment: AToday, the situation on the euro looks more neutral, and for a more grounded trades, it is better to wait until certain levels are reached. Let's start with the most likely scenario №1, which assumes a fall towards the level of 1.07500 and below. It should be noted that in a more global perspective than in the short term, most likely bears will dominate the market. To fall, you need to wait until the price fixes below the level of 1.08000.
Alternative scenario №2 assumes a short-term strengthening of the euro towards the level of 1.09000. If such a scenario is realized, it is still most likely that the instrument will turn downward in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: AToday, the situation on the euro looks more neutral, and for a more grounded trades, it is better to wait until certain levels are reached. Let's start with the most likely scenario №1, which assumes a fall towards the level of 1.07500 and below. It should be noted that in a more global perspective than in the short term, most likely bears will dominate the market. To fall, you need to wait until the price fixes below the level of 1.08000.
Alternative scenario №2 assumes a short-term strengthening of the euro towards the level of 1.09000. If such a scenario is realized, it is still most likely that the instrument will turn downward in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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